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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $233.0M, roughly 1.0× CSW INDUSTRIALS, INC.). WORKIVA INC runs the higher net margin — 4.9% vs 4.4%, a 0.5% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 19.5%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $22.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs 5.1%).
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
CSW vs WK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $238.9M |
| Net Profit | $10.3M | $11.8M |
| Gross Margin | 39.7% | 80.7% |
| Operating Margin | 7.4% | 3.3% |
| Net Margin | 4.4% | 4.9% |
| Revenue YoY | 20.3% | 19.5% |
| Net Profit YoY | -61.9% | 234.0% |
| EPS (diluted) | $0.62 | $0.21 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $233.0M | $238.9M | ||
| Q3 25 | $277.0M | $224.2M | ||
| Q2 25 | $263.6M | $215.2M | ||
| Q1 25 | $230.5M | $206.3M | ||
| Q4 24 | $193.6M | $199.9M | ||
| Q3 24 | $227.9M | $185.6M | ||
| Q2 24 | $226.2M | $177.5M | ||
| Q1 24 | $210.9M | $175.7M |
| Q4 25 | $10.3M | $11.8M | ||
| Q3 25 | $40.7M | $2.8M | ||
| Q2 25 | $40.9M | $-19.4M | ||
| Q1 25 | $35.1M | $-21.4M | ||
| Q4 24 | $26.9M | $-8.8M | ||
| Q3 24 | $36.1M | $-17.0M | ||
| Q2 24 | $38.6M | $-17.5M | ||
| Q1 24 | $31.8M | $-11.7M |
| Q4 25 | 39.7% | 80.7% | ||
| Q3 25 | 43.0% | 79.3% | ||
| Q2 25 | 43.8% | 77.0% | ||
| Q1 25 | 44.2% | 76.6% | ||
| Q4 24 | 41.4% | 77.1% | ||
| Q3 24 | 45.6% | 76.5% | ||
| Q2 24 | 47.5% | 76.8% | ||
| Q1 24 | 44.4% | 76.4% |
| Q4 25 | 7.4% | 3.3% | ||
| Q3 25 | 20.5% | -1.5% | ||
| Q2 25 | 20.8% | -10.3% | ||
| Q1 25 | 19.5% | -12.0% | ||
| Q4 24 | 15.3% | -6.7% | ||
| Q3 24 | 22.6% | -11.7% | ||
| Q2 24 | 24.3% | -13.0% | ||
| Q1 24 | 21.0% | -10.4% |
| Q4 25 | 4.4% | 4.9% | ||
| Q3 25 | 14.7% | 1.2% | ||
| Q2 25 | 15.5% | -9.0% | ||
| Q1 25 | 15.2% | -10.4% | ||
| Q4 24 | 13.9% | -4.4% | ||
| Q3 24 | 15.8% | -9.2% | ||
| Q2 24 | 17.1% | -9.9% | ||
| Q1 24 | 15.1% | -6.7% |
| Q4 25 | $0.62 | $0.21 | ||
| Q3 25 | $2.41 | $0.05 | ||
| Q2 25 | $2.43 | $-0.35 | ||
| Q1 25 | $2.05 | $-0.38 | ||
| Q4 24 | $1.60 | $-0.15 | ||
| Q3 24 | $2.26 | $-0.31 | ||
| Q2 24 | $2.47 | $-0.32 | ||
| Q1 24 | $2.03 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $-5.4M |
| Total Assets | $2.3B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $338.8M | ||
| Q3 25 | $31.5M | $315.9M | ||
| Q2 25 | $38.0M | $284.3M | ||
| Q1 25 | $225.8M | $242.0M | ||
| Q4 24 | $213.8M | $301.8M | ||
| Q3 24 | $273.2M | $248.2M | ||
| Q2 24 | $18.9M | $267.9M | ||
| Q1 24 | $22.2M | $296.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $-5.4M | ||
| Q3 25 | $1.1B | $-36.9M | ||
| Q2 25 | $1.1B | $-66.5M | ||
| Q1 25 | $1.1B | $-75.7M | ||
| Q4 24 | $1.0B | $-41.7M | ||
| Q3 24 | $1.0B | $-50.8M | ||
| Q2 24 | $650.2M | $-77.7M | ||
| Q1 24 | $615.7M | $-83.2M |
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $51.0M |
| Free Cash FlowOCF − Capex | $22.7M | $50.7M |
| FCF MarginFCF / Revenue | 9.8% | 21.2% |
| Capex IntensityCapex / Revenue | 2.6% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.81× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $51.0M | ||
| Q3 25 | $61.8M | $46.2M | ||
| Q2 25 | $60.6M | $50.3M | ||
| Q1 25 | $27.3M | $-7.4M | ||
| Q4 24 | $11.6M | $44.0M | ||
| Q3 24 | $66.8M | $18.9M | ||
| Q2 24 | $62.7M | $-14.0K | ||
| Q1 24 | $22.4M | $24.8M |
| Q4 25 | $22.7M | $50.7M | ||
| Q3 25 | $58.7M | $46.1M | ||
| Q2 25 | $57.7M | $49.3M | ||
| Q1 25 | $22.8M | $-8.1M | ||
| Q4 24 | $8.5M | $43.2M | ||
| Q3 24 | $61.3M | $18.7M | ||
| Q2 24 | $59.6M | $-122.0K | ||
| Q1 24 | $17.5M | $24.6M |
| Q4 25 | 9.8% | 21.2% | ||
| Q3 25 | 21.2% | 20.5% | ||
| Q2 25 | 21.9% | 22.9% | ||
| Q1 25 | 9.9% | -3.9% | ||
| Q4 24 | 4.4% | 21.6% | ||
| Q3 24 | 26.9% | 10.1% | ||
| Q2 24 | 26.3% | -0.1% | ||
| Q1 24 | 8.3% | 14.0% |
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 1.6% | 0.4% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 2.3% | 0.1% |
| Q4 25 | 2.81× | 4.31× | ||
| Q3 25 | 1.52× | 16.57× | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
